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 What car to get with a monthly RM7k++ salary

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heavensea
post Jun 26 2015, 09:53 PM

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QUOTE(MeToo @ Jun 26 2015, 11:02 AM)
Huh... I thought it was very clear.

IF you NEED to loan 9 years, it shows you are actually financially NOT capable of buying/maintaining that car.

5 yrs MAX.

3 yrs should be better once you settled down and have a family and is financially stable/have other responsibility.
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7 years ok tak??
rcracer
post Jun 26 2015, 09:59 PM

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New mustang lol


435k lah open for booking already

Dream on bro bank won't approve your loan with basic only 2.5k , commission is not considered

Boy96
post Jun 27 2015, 01:55 AM

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I dont think new cars nowadays can even last 9 years. Even the japanese once u reach 5 years parts starts to break down already.. Worse is the continentals..
rooney723
post Jun 27 2015, 03:13 AM

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7k n u live wif parents not married no commitment no debt etc u actualy cn get pretty gud car ledi, a 250k car is still affordable to u wif 7 years loan n higher dp

if u really like cars then its ok to spend more on cars, i earn alot lesser than u but bought a >100k car, cos i really like the car biggrin.gif
0300078
post Jun 27 2015, 08:38 AM

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Axial, buy with cash no extra commitment, easy to park and trouble free for the next 5 years.
McFD2R
post Jun 27 2015, 10:31 AM

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Many of my friends who are earning more than RM10k in basic, not commission based are only driving a less than RM150k car. And here we have someone who earns RM2.5k with RM5k commission wanting a RM350k car. Considering that commission is never fixed, buying a RM350k just sounds absurd and just plain bad economic fundamentals. At age 21, he will learn it the hard way .. unless of course he has rich parents to fall back on, which many kids these days have.

It's his money, why should we care. He should just buy whatever he likes. Give the Mustang a test, and if you like it and if you feel like it makes you a man, buy. You only live once.

My week old 2015 WRX STI was bought cash .. after selling my FD2R. Nice to be debt free. And at age 21, he wants to experience what owing loads of money to the bank feels like, so be it.
kenaban
post Jun 27 2015, 10:37 AM

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QUOTE(ngchuenlow @ Jun 25 2015, 05:37 PM)
Hi guys, recently came up with a thought of getting a new car but not sure and dont know which i would be afford. So maybe you guys can give me suggestion here?  biggrin.gif  21 years old been working around 1 years plus with RM7000++ . Currently staying with my parents and I don't have any debt, loans or giving my parent allowance. Now driving Toyota Vios J.
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in was in your situation before and i wished someone advised me from getting a car .


instead , get a property first . Ask papa / mama's help to pay downpayment for a house and invest in that . with ur income , u can own 3 x 200k property ( Cheap apartments ) which has good rental yield .

car is something u look at when u r 32 .


Guys priorities getting cars to increase the chances to get girls ... but when comes to life , u need someone that are willing to look beyond ur monetary wealth . So get car at later stage in life .
viRuS-T
post Jun 27 2015, 11:14 AM

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Hmmm ...
Banker might only approve your car's monthly installment MAX RM1200 based on your salary RM2500+RM1500 (30% Commission).
You can go for C segment car with around 110k.
but ... since you are blank in any commitment record, no credit card no properties, no car record ... you need a guarantor to back you up.

between ... forget about your Mustang ...
I cant afford it with my 15k salary
Noobi3
post Jun 27 2015, 11:56 AM

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QUOTE(McFD2R @ Jun 27 2015, 10:31 AM)
Many of my friends who are earning more than RM10k in basic, not commission based are only driving a less than RM150k car. And here we have someone who earns RM2.5k with RM5k commission wanting a RM350k car. Considering that commission is never fixed, buying a RM350k just sounds absurd and just plain bad economic fundamentals. At age 21, he will learn it the hard way .. unless of course he has rich parents to fall back on, which many kids these days have.

It's his money, why should we care. He should just buy whatever he likes. Give the Mustang a test, and if you like it and if you feel like it makes you a man, buy. You only live once.

My week old 2015 WRX STI was bought cash .. after selling my FD2R. Nice to be debt free. And at age 21, he wants to experience what owing loads of money to the bank feels like, so be it.
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rclxms.gif rclxms.gif

Like they say bro " you have to be young and stupid to be old and wise "
TSngchuenlow
post Jun 27 2015, 12:22 PM

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Thank you guys for your opinion. But I don't think I wanna to get a new mustang coz due to malaysian ringgit drops. Basic 2.3 litre ecoboost new mustang cost 435k. Would plan to get a new car also. I wanna to experience to loans. Now a days properties dont ever go invest for my opinion is not good right now. =D Anyways Thank you guys!
mystvearn
post Jun 27 2015, 12:45 PM

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QUOTE(ngchuenlow @ Jun 27 2015, 12:22 PM)
Thank you guys for your opinion. But I don't think I wanna to get a new mustang coz due to malaysian ringgit drops. Basic 2.3 litre ecoboost new mustang cost 435k. Would plan to get a new car also. I wanna to experience to loans. Now a days properties dont ever go invest for my opinion is not good right now. =D Anyways Thank you guys!
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If possible try to avoid loans and save up then buy. Not sure I want to experience any sort of loan.
VincentCS
post Jun 27 2015, 01:13 PM

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QUOTE(ngchuenlow @ Jun 27 2015, 12:22 PM)
Thank you guys for your opinion. But I don't think I wanna to get a new mustang coz due to malaysian ringgit drops. Basic 2.3 litre ecoboost new mustang cost 435k. Would plan to get a new car also. I wanna to experience to loans. Now a days properties dont ever go invest for my opinion is not good right now. =D Anyways Thank you guys!
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You know people have been saying that for years... and see now, prices still rises steadily. Just my 2 cents as my professions wink.gif

Okay, back to the topic, i suggest TS should opt for <150k car (mainly Civic, Altis, M3 etc) are good choices.
You are 21 years old, buying any cars with your own money is proud enough icon_rolleyes.gif

This post has been edited by VincentCS: Jun 27 2015, 01:13 PM
wee1030
post Jun 27 2015, 04:35 PM

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Maybe consider audi A5? You r young n earning high income, A5 should fit you nicely.....imagine 21yr old own A5 by self effort? Tones of forumers here will jealous, you will be getting lots of attraction by valet parking ur A5 in front of any night clubs....hot chicks are easy to get....contact me...um happy to be ur new A5 agent ...^^

This post has been edited by wee1030: Jun 27 2015, 04:38 PM
Noobi3
post Jun 27 2015, 04:41 PM

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QUOTE(wee1030 @ Jun 27 2015, 04:35 PM)
Maybe consider audi A5? You r young n earning high income, A5 should fit you nicely.....imagine 21yr old own A5 by self effort? Tones of forumers here will jealous, you will be getting lots of attraction by valet parking ur A5 in front of any night clubs....hot chicks are easy to get....contact me...um happy to be ur new A5 agent ...^^
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LMAO .... It's Audi A5 bro
wee1030
post Jun 27 2015, 05:16 PM

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QUOTE(Noobi3 @ Jun 27 2015, 04:41 PM)
LMAO .... It's Audi A5 bro
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What do you mean? Typo on cap A od Audi or A5 is too low class? .^^ hehe...for ts as yrs21 only.....A5 is my dream even today... haha
victor_hoh
post Jun 27 2015, 05:48 PM

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My rule of thumb? Buy a car that is no more than your gross annual salary.
6UE5T
post Jun 27 2015, 05:56 PM

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QUOTE(ngchuenlow @ Jun 27 2015, 12:22 PM)
Thank you guys for your opinion. But I don't think I wanna to get a new mustang coz due to malaysian ringgit drops. Basic 2.3 litre ecoboost new mustang cost 435k. Would plan to get a new car also. I wanna to experience to loans. Now a days properties dont ever go invest for my opinion is not good right now. =D Anyways Thank you guys!
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Cars value will always drop but property value still increases. You invest in property, keep it for 5yrs, can sell for big profit. Once you got that profit, then start thinking to buy better cars for fun. If you buy a car (which you actually don't need coz yo already have a FREE car from company), 5 yrs later your car value is probably only 50% of the price you pay now and yet you still have to pay for the loans while your reselling price is actually already below your outstanding loan. Now do you think that's good??

Anyway we can only advice to the best of our knowledge and experience. Like McFD2R said, it's your money it's your life, it's your choice. If you make a wise choice then it's you who will benefit, vice versa if you make a poor choice, it's also you who will suffer. laugh.gif
riezzien
post Jun 28 2015, 03:53 AM

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Lol kids these days .
Ok la fine to support your itchiness to get a new car, i suggest go for c segment sedan or suv .
( civic,hrv,m3,cx5,subaru xv,408)
I personally will go for Mitsubishi ASX 2wd.
Mustang.. Lol

This post has been edited by riezzien: Jun 28 2015, 04:08 AM
Noobi3
post Jun 28 2015, 10:06 AM

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QUOTE(wee1030 @ Jun 27 2015, 05:16 PM)
What do you mean? Typo on cap A od Audi or A5 is too low class? .^^ hehe...for ts as yrs21 only.....A5 is my dream even today... haha
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Typo ? It's memang A5 right ? Or should it be written as a5 from your opinion ? Nothing wrong with that car BUT u just over rated it like it's a God car , not the God car ya .
6UE5T
post Jun 28 2015, 11:59 AM

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QUOTE(riezzien @ Jun 28 2015, 03:53 AM)
Lol kids these days .
Ok la fine to support your itchiness to get a new car, i suggest go for c segment sedan or suv .
( civic,hrv,m3,cx5,subaru xv,408)
I personally will go for Mitsubishi ASX 2wd.
Mustang.. Lol
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m3 as in Mazda 3 though, not BMW M3! smile.gif

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